Technical Analysis for $PENGU

/USDT

Current Price: $0.038390

Momentum: Bullish, with a 10.67% increase in the past 24 hours.

Key Support Level: $0.036801

Key Resistance Level: $0.039900

Trade Signals

1. Buy Entry: Near $0.036800 (close to support)

2. Sell Targets:

🎯 Target 1: $0.039477 (recent high)

🎯 Target 2: $0.042000 (next psychological level)

🎯 Target 3: $0.045000 (extended resistance based on momentum)

3. Stop Loss: Below $0.031000 (recent low for risk management).

Momentum Indicators

Volume Surge: 14.40B PENGU traded indicates strong market activity.

Moving Averages:

MA(5) > MA(10), confirming short-term bullish trend.

Momentum-Based Strategy

Enter trades during pullbacks to support levels.

Monitor resistance breakouts at $0.039900 for a momentum continuation to higher targets.

If momentum weakens or price falls below $0.031000, exit trades to minimize risk.

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